If you can stick to those areas, I honestly believe an individual with a full time job and a spouse that is helping can do 25 to 30 houses on their own.That is also assuming that you don't do any of the cleaning, repairs, etc.

And they indicate that they're not busy enough.Is there a market for helping contractors market themselves?

Found this couple who individually has low income but has a decent combined income, no recent issues , no evictions ever, not great credit but no past due bills or collections in last 2-3 yrs ( the wife had collection issue prior to 2-3 yrs while studying), very good rental reference, verified employment reference.

That means you must at least file Form 1065 US Partnership Tax Return.All incomes and expenses will be reported on this form and that income will pass through to the both of your personal tax returns based upon your ownership percentage.The limit is different for one person versus married.Your biggest mistake is using a program to answer your questions.I represent taxpayers(individual and business) before the IRS.

Since you have not indicated an estimated value, if you are looking at high value properties, you should know that there are different reasons and different types of appraisals that may yield different valuations.

If that is what you are saying, that idea makes me nervous as it makes it tougher to track gains/losses/etc for that individual property.Also Rob, how do you know when its considered "enough" in order to start xferring to another account?

Sorry i didn't want to have such a long post but i wanted to answer some of your questions. 1st thing using a realtor is ok but you'll be able to find alot better deals through Wholesalers or by individually marketing to sellers who need to sale their houses.

Would need those two numbers to have any idea if it might make a good rehab project.Lastly, you mentioned that the MLS listing indicated that the house was occupied by a former owner; but you then said it was occupied by a tenant who is not the former owner.

The time of year is also helpful, and of course unmowed lawns are an indicator, but doesn't help in winters.

The individual Homeowner has to pay for it.